Public Employees Retirement Association of Colorado Has $26.16 Million Stake in RPM International Inc. (NYSE:RPM)

Public Employees Retirement Association of Colorado lowered its holdings in RPM International Inc. (NYSE:RPM) by 0.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 219,915 shares of the specialty chemicals company’s stock after selling 891 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.17% of RPM International worth $26,159,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Boston Trust Walden Corp lifted its stake in RPM International by 2.9% during the 4th quarter. Boston Trust Walden Corp now owns 488,696 shares of the specialty chemicals company’s stock valued at $54,553,000 after acquiring an additional 13,860 shares in the last quarter. California State Teachers Retirement System raised its stake in RPM International by 6.7% in the 4th quarter. California State Teachers Retirement System now owns 239,255 shares of the specialty chemicals company’s stock valued at $26,708,000 after acquiring an additional 15,084 shares during the period. Russell Investments Group Ltd. raised its stake in RPM International by 16.5% in the 1st quarter. Russell Investments Group Ltd. now owns 158,408 shares of the specialty chemicals company’s stock valued at $18,919,000 after acquiring an additional 22,388 shares during the period. New York State Teachers Retirement System raised its stake in RPM International by 5.9% in the 1st quarter. New York State Teachers Retirement System now owns 155,254 shares of the specialty chemicals company’s stock valued at $18,467,000 after acquiring an additional 8,691 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in RPM International by 61.6% in the 1st quarter. BNP Paribas Financial Markets now owns 100,071 shares of the specialty chemicals company’s stock valued at $11,903,000 after acquiring an additional 38,135 shares during the period. 80.95% of the stock is currently owned by institutional investors.

RPM International Price Performance

Shares of NYSE RPM traded up $0.60 during midday trading on Monday, hitting $118.16. 269,784 shares of the company’s stock were exchanged, compared to its average volume of 623,953. RPM International Inc. has a 12-month low of $88.84 and a 12-month high of $121.63. The company has a current ratio of 1.97, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.72 and a beta of 1.00. The business’s fifty day moving average price is $110.64 and its two-hundred day moving average price is $111.16.

RPM International (NYSE:RPM) last issued its earnings results on Thursday, July 25th. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.56. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.01 billion. RPM International had a return on equity of 26.80% and a net margin of 8.02%. RPM International’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 earnings per share. As a group, research analysts forecast that RPM International Inc. will post 5.46 EPS for the current fiscal year.

RPM International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. RPM International’s dividend payout ratio is presently 42.40%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RPM shares. JPMorgan Chase & Co. lowered RPM International from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a report on Friday. StockNews.com lowered RPM International from a “buy” rating to a “hold” rating in a report on Friday. Mizuho reduced their target price on RPM International from $136.00 to $134.00 and set an “outperform” rating for the company in a report on Friday. BMO Capital Markets lifted their target price on RPM International from $123.00 to $140.00 and gave the company an “outperform” rating in a report on Friday. Finally, Robert W. Baird lifted their target price on RPM International from $105.00 to $120.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, RPM International currently has a consensus rating of “Hold” and an average price target of $120.80.

RPM International Profile

RPM International Inc manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide. It offers waterproofing, coating, and traditional roofing systems; sealants, air barriers, tapes, and foams; residential home weatherization systems; roofing and building maintenance services; sealing and bonding, subfloor preparation, flooring, and glazing solutions; resin flooring systems, polyurethane, MMA waterproof, epoxy floor paint and coatings, concrete repair, and protection products; fire stopping and intumescent steel coating, and manufacturing industry solutions; rolled asphalt roofing materials and chemical admixtures; concrete and masonry admixtures, concrete fibers, curing and sealing compounds, structural grouts and mortars, epoxy adhesives, injection resins, polyurethane foams, floor hardeners and toppings, joint fillers, industrial and architectural coatings, decorative color/stains/stamps, and restoration materials; insulated building cladding materials; and concrete form wall systems.